Accelerator - Is It a Million Dollar Check?

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A resurgence of the series a funds coming in and leading seed rounds. That was actually a real threat to some of our fund managers, where someone like founders fun or light speed would come in and write a four million dollar check at sixteen pre. And so that was actually a material impact on some ofOur fund managers. So we were seeing a lot of that. But thankfully, i would say that back in two thousand fifteen and 16, if you remember, greylock's discovery fund, or andreson was doing a lot of seed,. They actually pulled back from that as well because they wouldn't know all the company names or the c os....

0:38 Jason talks about the now fully-virtual LAUNCH Accelerator and intros Cendana Capital's Michael Kim
2:47 What is a fund of funds & why do they exist? History of raising Cendana's first fund
6:06 Portfolio construction of fund of funds
10:19 Why ownership percentage is paramount, ideal ownership % for Seed funds, what makes a great Seed fund manager
17:04 How do fund of funds make money?
18:51 Hedging bets by selling secondary shares to generate liquid cash for LPs
24:33 Michael on Call of Duty, using secondary shares to win a deal
30:46 What was the greatest Seed fund ever raised?
32:42 What is the ideal number of managers in a Seed fund?
36:38 What has the last 90 days been like for Cendana? Influx of new fund managers into the market
41:50 How fast is Cendana in making decisions compared to institutional LPs?
44:47 Will there be a wave of white-collar layoffs, and how will COVID change large tech companies?
52:29 Writing small "pilot" checks over Zoom, venture/growth fund deployment, which companies in non-obvious markets will come out of COVID in great shape?
1:03:37 Robinhood as an acquisition target (Should Facebook buy it?), Dropbox/Slack merger
1:06:17 Why right now is the best time to invest in the early-stage